Nature of Change: Appointment of Mr. Dilip Kumar Banthiya (DIN: 02063610) as an Additional Director in the category of Whole-time Director, designated as "Executive Director and Chief Financial Officer". Designation of Mr. Saket Somani as Deputy Chief Financial Officer.
Effective Date: Both appointments are effective from October 28, 2026.
Term: Mr. Banthiya's appointment is for a period of 3 years, liable to retire by rotation, and is subject to approval by the shareholders of the company.
Profile - Dilip Kumar Banthiya: Brings over 35 years of experience across corporate finance, mergers and acquisitions, international fund raising, equity and equity-linked offerings, treasury and risk management, and corporate restructurings. A Fellow Member of the Institute of Chartered Accountants of India. He has been associated with the company for over 18 years and has led the company's finance function, strengthened its governance frameworks, and guided the financing of each phase of its growth.
Profile - Saket Somani: Brings around 20 years of experience across corporate finance, strategy, capital markets, investor relations, and investment banking. A Chartered Accountant. He joined the company in 2020 and most recently served as Senior Vice President – Finance & Strategy. In this role, he has overseen financial planning and control, working capital, and the evaluation of capital projects and new business opportunities. He has also worked closely with the leadership on strategy and led the company's investor relations programme.
Eligibility Confirmation: It is confirmed that Mr. Dilip Kumar Banthiya is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, in accordance with BSE circular no. LIST/COMP/14/2018-19 and NSE circular no. NSE/CML/2018/24, both dated 20th June 2018.
Previous KMP: Mr. Banthiya was the incumbent Chief Financial Officer prior to this appointment. Mr. Somani was already identified as a Senior Management Personnel (SMP) of the company; his new designation formalizes his enhanced role within the existing management structure.
Governance Implications: The appointment brings the CFO onto the Board, adding financial and industry experience to the highest decision-making forum. The new structure creates a clear division of responsibility: the Executive Director & CFO provides Board-level oversight on financial direction and governance, while the Deputy CFO leads financial planning, investor engagement, and digital transformation.
Strategic or Business Context
The appointments are part of strengthening the company's governance and leadership for its next phase of premium-led growth.
The company describes itself as entering its "next phase of premium-led growth" and having "global ambitions".
The leadership changes aim to align with the long-term strategy of premiumisation, global brand building, and sustainable growth.
Commentary from management indicates a focus on disciplined capital allocation, robust governance, and long-term value creation.
Any Other Material Information
The decisions were taken at a Board of Directors meeting held on October 27, 2026, based on the recommendation of the Nomination, Remuneration and Compensation Committee.
The intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes details as required under Para A of Part A of Schedule III of these regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.
The company's scrip codes are 532497 (BSE) and RADICO (NSE).
The Corporate Identification Number (CIN) is L26941UP1983PLC027278.
